RXR and Hudson Bay Capital to Reposition Iconic 620 Avenue of the Americas

​​Fried Frank advised RXR, through its Office Recovery Fund and in partnership with Hudson Bay Capital, to recapitalize 620 Avenue of the Americas, a historic 500,000-square-foot office and retail building in Manhattan's Chelsea neighborhood. The RXR and Hudson Bay Capital joint venture secured a five-year, $320 million loan facility as part of the transaction. The Class-A mixed-use building's soaring ceiling heights, efficient 100,000+ square foot floorplates, acclaimed architectural elements, as well as its prime location, make it a sought-after space for a wide variety of retail and office tenants.